Kia unveiled its medium- and long-term business strategies and financial targets on Wednesday, with an ambitious goal of achieving revenues of 170 trillion South Korean won (about 105.8 billion euros) and surpassing a 10 percent operating profit margin by 2030.
The company said in a statement that it expects to achieve an operating profit of 18 trillion won (about 11.2 billion euros) by the end of the decade.
During its CEO Investor Day event in Seoul, Republic of Korea, Kia presented an updated version of its ‘Plan S’, the company's medium- and long-term strategic blueprint. Within this framework, the company has set a target of selling 4.19 million vehicles globally by 2030, of which 2.33 million will be electrified models, including both hybrid and pure electric.
